EUR/USD offers at 1.2855 tested as USD falls further

Stocks are at the lows of the day and USD/JPY is at the lowest since March 6.

So far, offers at 1.2855 are holding but look for stops above. More offers at 1.2875 but the 200-day moving average is the key resistance point.

After what looked like a breakout last Wednesday, the US Dollar Index is comfortably back in its recent trading range. The holiday and the start of a new month today are driving flows so the chance of uneven moves is high.